U.S. Credit Card Delinquencies and Chargeoffs Stabilized in December
February 12th, 2010 | by admin |Prime U.S. credit card asset-backed securities (ABS) performance stabilized in December, with most trusts reporting minimal changes in delinquencies and chargeoffs following record delinquencies in the previous month, according to Fitch Ratings.
In addition, credit card ABS trusts excess spread cushions widened further as pricing changes begin to take full effect boosting portfolio yields. (Click chart to enlarge)
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